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of russia's retaliation against an american law that puts sanctions on officials suspected of human rights violations. some senior government officials in moscow have spoken out against that law, but supporters argue the ban's necessary, because some adopted children have faced abuse by american families. joining me from moscow now is steve rosenberg. steve, you said he'd do it, he's done it. >> that's right, david. there's been one question that has dominated political life in moscow the last few days and that is will he or won't he? will president putin sign what is one of the most controversial laws he's been face with. yesterday he indicated he probably would and today he signed it. as you mentioned it has been very controversial because a number of ministers in his own government, including the russian foreign minister have publicly criticized the law and president putin's critics have accused him of playing politics with russian children. >> criticized it on humanitarian grounds. >> yes, absolutely. it's interesting to note that the bill we're talking about, the law we're talking abo
protestant churches. this reinforced a second exceptional pillar, common law, which posits that god-given, or the laws given from god to the people and it bubbles up word to the rumors. it gives us the government of the people, by the people and for the people that lincoln referred to. common-law stand in stark opposition to almost every other nation on earth that has developed some form of civil law come in which law trickles down from the top. both germany and england had common-law for a while, but by the 20th century both have more or less abandoned it. germany more so than england. therefore, by the end of world war ii, when you have unloaded however unwillingly its colonies, those colonies were themselves designed on principles of civil law. us, the first two pillars taken together mean that a christian, protestant religion influenced and shaped everything about american foundation of laws and defined its system of personnel rights. it wasn't just that the united states was a democratic republic, but that the very premises of what a democratic republic meant were likely to be
of a new law in russia that bars american citizens from adopting russian children. president vladimir putin has signed the law, which places new strains on bilateral relations. >> the new law comes in response to american legislation that withholds visas to russians accused of human rights violations and freezes their u.s. assets. >> most bills signed by president putin have not been subjected to so much public scrutiny, but the ban on americans adopting russian children is controversial, so putin's strategy is to appeal to russian patriotism. >> as far as i know from opinion polls, the vast majority of russian citizens have a negative opinion of foreigners adopting our children. russia can and must look after its own children. >> at the same time, a russian judge acquitted a former prison doctor. human rights activists say he is responsible for the death of a russian lawyer in 2009. the lawyer was imprisoned after accusing russian officials of the $230 million tax fraud. since his death, relations beween the u.s. and russia have increasingly soured, culminating in the adoption van --over 7
with president obama signature before becoming law. >> lifting the restrictions allowing net flicks his additional there was also to media outlets by facebook and twitter. >> the new feature will be available to use in the u.s. starting the new year. >> continuing to track gas price across the bay area the average price of private picture posted by mark zuckerbergs sister on a parcel that the profile of the lead. facebook marketing directors of following them posted on twitter count for more than $40,000 to sea. >> and his sister ready to it at the facebook directors and a picture was meant for france only. >> content to dry gas price across bay area the average price per gallon of regular gasoline remains at three rows in sentences col. $3.49 and oakland. $3.50 in san jose. and at $3 system to sent here in california statewide. >> to toyota settled with our orders over unintended acceleration in 2009 and 2010. >> and a glass agreed to pay more than a billion dollars to install new safety features to compensate owners. >> drivers to toyota because floor mats for getting stuck, causing t
before the health care law kicks in. so, we are moving in that direction, particularly in the entitlement state. not reforming it, but actually expanding it. >> aen what happened this year was the supreme court helping this along, you have the justices essentially rewrite legislation changing the plain text that congress passed in order to declare obamacare constitutional, which is a little scary, that that highest justices in the land would take that sort of activist role and you mentioned france, dan, that's scary. the back drop of this whole presidential year is europe. we know where the path leads. and the turmoil and welfare states and how unsustainability and the high unemployment that comes with them and that was the back drop of our presidential campaign. >> paul: okay, the voters said, yeah, we're going to keep moving in that direction, kim. i mean, how, what do you think the electorate is here, behind the choices that jason just suggested they might be? >> barack obama won this election by very effectively making this a referendum about his opponent, mitt romney. so if you went
family issuing a statement on his condition a short time ago. and they put it off for months. law i can makers holding our future in their hands and now barely enough time to strike a deal to save us from one of the highest tax hikes in u.s. history. >> senators and staffers now behind closed doors. we are told they are trying to put together a plan to help us from all going over the fiscal cliff. we are within 72 hours of the deadline, and tonight the new developments. in the wake of the shooting at sandy hook elementary, gun sales are on the rise. what is driving the spike? and the growing number of teachers who are looking to arm themselves. also, one man's trash becomes a child's musical treasure. you'll meet the children's orchestra that plays instruments recycled from garbage. >> i'm harris falkner. they are actually negotiating on capitol hill just as economic analysts say we are about to go over the so-called fiscal cliff, the punishing combination of higher taxes on just about every worker in america and deep spending cuts particularly to our military. top lawmakers are calling
for january 1st, those benefits, those unemployment benefits will no longer be authorized. the law project estimates some two million americans will stop receiving benefits after december 29th. that's today. many experts fear going over the cliff could send our weak economy plunging back into a recession. president obama says he remains optimistic, but he says no bargain could be reached in congress, then congress must vote on his back up plan to block taxes for anybody making less than $250,000 a year. chief congressional correspondent mike emmanuel has more. mike, you just got new details 23r* mitch mcconnell. what are they? >> that's right. discussions have been taking place all day. both sides have been trading paper, ideas and that talks continue. we understand legislative staff will continue working into this evening. meanwhile, huer is a fair and balanced look at where things stand. >> i do think that something will happen over the next few days relative to the revenue piece. hopefully we can rescue most americans from a tax increase. but what we haven't dealt with again is the spen
, marchand has no guilt about taking so much time off. in fact, it's the law. full-time workers in france are guaranteed at least five weeks vacation and a maximum 35-hour work week, with no paid overtime allowed. and not everyone is thrilled about working even 35 hours. >> the aim is to keep your job without working. >> welcome to 60 minutes on cnbc. i'm leslie stahl. in this episode, we'll examine our relationship with work. how much is too much, too little, and who should decide? but before we look at the hours we spend on the job, we'll look at how employers tried to influence the way their workers act off the job. as morley safer reported in 2005, that cigarette or drink at home, that political candidate you supported, even your eating habits are coming under the scrutiny of your employer. if your boss doesn't approve, it might even cost you your job. >> anita epolito and cara stiffler were considered model employees at weyco, an insurance consulting firm outside of lansing, michigan. anita, 14 years on the job, cara, five. they sat side by side, sharing workloads and after work the
's for families trying to adopt children in russia. president vladimir putin has signed a new law banning adoptions by americans. russia is retaliate against the u.s. law that imposes sanctions on russians who are found to be human rights violators. about 50 u.s. families were in the process of adopting children. the head of a bay area agency says it is not deal with any local clients at the moment. >> same-sex marriage in the state of maine became legal to that. the city of portland began issuing first licenses to eager couples or just after midnight. other cities are holding special hours drop the day today. this november, maine, washington and maryland became the first is to approve a marriage by popular vote. same-sex marriages are already taking place in washington state. maryland will begin issuing marriage licenses on tuesday. >> we will be right back. >> welcome back. here is a live look outside on our van ness will scan. >> we're taking a look is storm tracker 4. we are still in dealing with sprinkles outside. it really is not too much. the rain is tapering off and this is a view
condition. officers involved in the shooting had eight years ago by law-enforcement experience. an 18 year-old man is in critical condition this morning after being shot several times at the pittsburg bay. bart station. this was the scene in the parking lot where the shooting happened. police received reports of the shooting just before 7:00 last night and the victim was transported to john muir medical center with life- threatening injuries that needed surgery. police said not yet located the gunmen and service was stopped last night for about 45 minutes as officers made sure the shooter was not getting away on a bart train. bart trains were also held in concord after reports of a man with a gun at the station. police activity caused major delays last night on the pittsburg a point line in both the sampras is go and pittsburg directions. these reports are related to the earlier shooting at the pittsburg station and service expected to rent regularly today. >> three officers are her every gunman opened fire overnight inside their headquarters near philadelphia. it happened in camden county
that he can actually resubmit a new law and if so, does this -- today's decision only equal a decision that is a temporary setback? >> indeed. it is a temporary setback. within the last few hours, the government officials have been saying that the law will be redrafted to conform with the court ruling. it will be resubmit to do lawmakers and the chances are that it will be passed again. there has been a lot of uproar at this tax in france, a lot of wealthy entrepreneurs moved abroad to other countries in the region. today's court decision could see them delaying departures for the time being. they may well still have their suitcases ready in the corner. >> kelly: to your point, i wanted to ask but that because for the wealthy people living in france, those making more than $1.2 million a year, who would incur the 75% tax should it go through once he resubmits it, how have they responded to the proposed tax hike and the -- i understand the french billionaire, who is the chief executive officer of moa, ask louis vitton, filed an application for belgian nationality and an actor looking to
in the house so it's got no chance whatsoever of becoming law, end quote. that's what i said back on july 25th. the only reason we ever allowed that vote on that proposal is i said at that time was that we knew it didn't pass constitutional muster. and the democrats were really serious, they would proceed to a revenue bill that originated in the house as the constitution requires and as i called on them to do again last week. to repeat, the so-called nate bill is nothing more than a glorified sense of the senate resolution. so let's put that convenient talking point aside from here on out. last night i told the president we'd be happy to look at whatever he proposes but the truth is we're coming up against a hard deadline here and, as i said, this is a conversation we should have had months ago. and republicans aren't about to write a blank check or anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. that having been said, we'll see what the president has to propose. members on both sides of the aisle will
to the people of cuba. the helms-burton law was not as effective as i would have liked. >> another issue out you are associated with is autism. how did that get started? >> my grandson was a very normal child. when he was 18 months to two years old, he got nine shots in one day. seven of which had thimerosol, mercury. it is a preservative. in 1929 it was tested on the 29 people who had meningitis. they said that the mercury had no impact so they started using solutions.halmologic when children get a few vaccinations, it did not have a huge impact but they started to get as many as 25 or 30 before they get to the first grade. my grandson got nine in one day and he became artistic, banging his head against the wall. then diary and constipation -- diarrhea and constipation. he was doing terrible. i was not aware of autism and all but i was chairman of the committee that did the investigation so i started to looking into with health and human services and the food and drug administration and that is where i had four years of hearings on that and i became convinced that women -- that mercury, women w
, the spanish government has changed laws regarding business hours. it wants visitors to the crisis- ridden country to have more time to spend money -- 90 hours a week instead of 72. >> it should help encourage trade and create more jobs in the sector. >> but the plans are threatening the siesta. the tradition of the lengthy break to unwind and relax is being sacrificed to the demands of the market. the spanish siesta was introduced in response to extreme working conditions. during the post-war period, it was not just the afternoon heat that force people to take a break. >> a lot of people had to take on two jobs at the same time. it was the only way to divide up the day so that you rested not just at night, but also had a break during the day. >> and health-care professionals say it is still a good idea. they recommend a 20-minute midday nap. they say it makes a difference at night. than a 10% of insomnia cases are chronic, and they are usually caused by work. we over lows hour days to the point where we no longer sleep well. we do not give ourselves break, and when we need more time, we t
oversees all legislation it said the new law was not fair because it applies to individuals and not households. the french prime minister said the government would introduce a new version of the law. >> we will implement measures to respect the commitment of the president of the republic. it will take into account the rejection of the constitutional council and apply the 2013 incomes and will have to be voted. >>> in macedonia, thousands of protesters gathered outside of the headquarters of the right wing ruling party, demanded the prime minister's resignation. the rally is a combination of days of protests that began last week when the opposition was ejected from parliament after a disagreement over next year's budget. we have this report from the capital. >> a march against the government and the capital. but unlike the rest of europe, not against austerity cutbacks. the demonstrators accused the authorities of going on a spending spree which they claim wastes too much of the country's financial resources. instead of doubling their usual christmas or new year's shopping, t
was educated at yale university and yale law school and immediately entered the navy where he received the purple heart for his service in the pacific theater. the awful immediacy of his war experiences made him a man who was dedicated to making every feasible effort to achieve peace. after he was discharged at the end of war, he worked as "newsweek" magazine, and in that job came into contact with joseph kennedy sr. who asked him to manage the merchandise mart in chicago. during those chicago years, he married the boss' daughter, eunice, in 1953 and chaired the chicago school board and the catholic interracial council as a supporter of desegregation of the city's schools. shriver's prominence in the commercial and social life of the state soon led to interest on the part of the political leaders to nominate him for governor of illinois. but by then his brother-in-law, john kennedy, was running for president. shriver served as kennedy's chair for illinois and also headed the campaign's civil rights division. in that capacity late in the campaign, he convinced kennedy to telephone coret
they want to bill, the infrastructure, the programs they make into law. guest: i think james hits on the virtue of a flat tax, having a low, single rate, getting rid of all the loopholes in the tax code and having the government learn to live within its means. that would take some time, but it is eminently doable with positive reforms on the entitlement for younger people. you do not have to change the benefit formulas for those on medicare or social security or who are about to go on those systems. as younger people know, those systems are headed for a crash. the sooner we reform them in a positive way, the better. the key to do it is not by raising taxes, but by having a low single rate and they learn to live within it. i think you'll have a much more prosperous country for it. host: let's end where we started. what do you think the best solution in your personal view and your business view is to the fiscal cliff situation? guest: aside from not doing something foolish and the next three or four days -- that is why i do not mind kicking the can down the road -- would be to follo
countries, seen for retaliation for a new law in the u.s. that seeks to punish russians for human rights violations. the ban will take effect on january 1st, that's really right away it would halt all new adoptions and end those already in progress. incredible. a lot of families in the process of adopting children in russia. >> those poor kids. >>> want to move on to the weather. lots of snow, wind, hail everywhere across the u.s. the storm that brought snow and spun off tornadoes is still not over. ten deaths blamed on the storm. more than 2,400 flights have been canceled. it could dump more snow on new england and upstate new york today. boy, they don't need that. bonnie schneider with a look at the forecast. good morning. >> good morning. the storm we've been talking about is working its way to extreme northeastern new england. it is hitting canada hard. quebec is getting more snow. i mentioned yesterday that cold air would come in behind the system. it sure has. scranton at 26. below freezing in new york city at 31. just to let you know, it's not over yet. a brand new storm system se
$8 for a gallon of milk . ♪ ♪ [ woman ] ring. ring. progresso. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. >> dave: brand new report on the tiror attack in libya placing blame on the state department and white house for not bringing enough security. president obama assured people that those responsible are held accountable. >> after the attack in bing beng is their need more accountabilitiment >> my message to the state department is very simple. we are going to solve this and be defensive about it and pretend it was not a problem. it was a huge problem and we will implement every single recommendation that is put forward. >> dave: but some of those employees are on the pay roll. they reassigned . republican strategist michael barnes and christy sesser. good morning to you. is this enough the explanation of how things w
. >> with that perspective, now that the affordable care act will begin to become fully finalized into law over the next couple years, we keep hearing those on the conservative side is concerns about what it will do to the country. what are your concerns? will this be a good thing? >> yes, it will. right now, we have $50 billion a year of uncompensated care. people who do not have insurance, do not have medicaid, medicare, private insurance, mode carry coverage, they are not insured. they have access to health care in emergency rooms and if they cannot pay, and they do not go to bankruptcy, it costs -- the care does not go away. it is shifted to the rest of us who do have insurance. $50 billion. it could be as much as $1,500 per person. paying for those who do not. you have everybody in the system all injured one way or another, then the uncompensated care goes away. it is no longer borne by those of us who are beneficiaries of an insurance program. that alone is a hidden tax people do not focus on unless it is pointed out to them. it raises the cost to everyone else. the fact never gets talked about. s
in an effort to avoid these deadly collisions. the changes involve shipping lanes at the port of laws and laws of long beach, as well as the approach to san francisco bay. >> earth view of san francisco looking across the city. currently in the cargo ship that enters or x's san francisco bay has use of these free shipping lanes, seen here in red. but under the newly approved plan, these late will be reconfigured. the new routes will no longer--will be long or an hour. the idea is to restrictions to a smaller area when they passed through no will feeding grounds. >> the new shipping lines go into effect in 2013. >> and san francisco charles clifford kron 4 news. >> residents in antioch have band together to raise money to rebuild a parked ruin by arsonist. >> this is what the antioch parked toddler what looks like after arsonists set fire to back in september. >> of the past three months, the group take back in antioch help raise $25,000. >> if the community has produced a 500 assemblyman jim frazier donated 2000 and pg&e and the remaining $14,500 to to start repairs. >> will result in to break
% of the boat. the government agrees -- there's a lot, under greek law whatever party comes in first, take a step back, greece has proportional representation that deserves a word of comment. proportional representation is the peculiar idea that if you get a certain percentage of the vote in an election, you should have the same percentage of delegates in congress that right the laws. it you didn't do that you exclude the 18% that had a role to play in governing which you think is the idea. in european countries we have proportional representation. if you get more than usually a cut off of 5% to get whatever the percentage of your vote is that is how many seats you get. you all understand i assume we don't do that in united states. if you get 51% of the vote you get it all and 49% wage. we have had proportional representation in the united states in the past. when you read about primary, and they a gets 20 delegates for the convention and candidate b, that is proportional, they get an equal number of delegates, we actually recognized in the united states proportional representation, we jus
's the only one with a pen who can sign into law something. and he ought to be very involved with making sure he gets something he will sign that will pass both a republican controlled house and a democrat controlled senate. >> senator, i mean there's been a lot of finger pointing and we even been hearing this for some time now and think a lot of people are looking for some kind of a deal and agreement. there are, in fact, 535 of you down there. senator joe man shin, the democratic senator of west virginia says something's gone terribly wrong when the threat to our american economy is the american congress we know there's a recession looming here if this doesn't get done. why isn't it getting done? >> i agree. i would say to harry reid bring a bill to the floor of the senate and let's start voting. quit trying to cut deals behind closed doors. get to the floor of the senate. let the american people see the discussion. but as your opening report said this morning on this show, it seems like the president is handcuffing harry reid from bringing a bill to the floor now. the president i believe i
this, if you don't change your gun laws to at least try to stop these relentless tidal waves of murderous carnage then you don't have to worry about deporting me. i'll have my take on piers morgan in our next hour or so. clearly, i've got a dog in this hunt, i am english, i'm an immigrant, et cetera, et cetera, and i've got a strong opinion on pierce morgan. let's go back to kelly jane, what do you think of piers, my good fellow. >> is anybody crying about this, is anybody worried that piers morgan is it going to leave? you know, i hate to be -- i hate to be snarky, but i think that people were very surprised when he got that slot after larry king in the first place and his show has been most successful in giving people things to laugh at the day after. stuart: ooh, that was good, kelly jane. that was really nasty. . [laughter] thank you very much indeed. >> i love the english, i love the english so i'm happy to have more of them in the states, i just think that they might want to read a little about the history of the country to which they're going to, which you obviously ha
into law. if you're among republicans is if you reach an agreement now and agree to tax increases, the spending cuts will get undone or never will be followed through on. that's one of the things that has held back talks, because republicans are skeptical that democrats will follow through. host: charles is on the independent line from colorado. caller: good morning, steve. i listened to it the myopic dogma in this segment over and over. the only people i can blame on this are the american people. the people who sit here and listen to these guys that are extremists and and they vote him into office -- them into office. i hear people say let's get rid of epa. if you look at how much epa takes out of our budget, that's like worrying about nothing gary people need to turn off the tv and start studying more. crack some books. look at economic spirit trickle-down economics does not work. name a country where it has worked? maybe estonia. but it's not working in greece. i heard a great saying that says when time gets tough, everyone is a keynesian. turn off the tv. not c-span of course.
. we'll rewrite the law using new wording and we'll catch more people in the 75% tax rate net. heather: stuart varney, i know you have a lot of work to do today. it is a busy day financially. thank you. >> thank you. gregg: what will it mean if lawmakers fail to strike a deal? according to the tax policy center 90% of the americans would see a tax hike in 2013. 121 million people will be paying a whole lot more in payroll taxs. those are social security payroll taxs. families making between 40 and $65,000 a year will have to pay an extra two grand to the u.s. government. the more you make, boy, that number really accelerates. heather? heather: another devastating blow in the fiscal cliff crisis, this mess, will be to the military. $500 billion slashed from the pentagon budget that is raising serious concerns about our national security. chairman of the house armed services committee, california congressman, bruce mckeown will weigh in on the impact these cuts will v that is live in our next hour. gregg: secretary of state hillary clinton now hospitalized after the discovery of a blood
rejected. >> the tax laws won't have an impact on people until they start paying their taxes in earnest. the effect of that will be very mild, very slight. and some of the spending cuts, the -- the executive branch has 30 days to present its plan for putting these cuts into effect so they may not even take effect. so a number of the -- most economists agree that the impact of the fiscal cliff would be severe if it lasted for a period of time with the assumption that they're able to roll it back retroactively. that would give them some time after the first comes around. >> there may be a little bit of a window to find the middle ground. but what is the middle ground after the failure that happened in the house of representatives? does anyone know what the threshold is that is accessible to republicans, let alone to republicans and democrats. >> you know, part of the problem here is that i don't think that the republicans themselves are entirely sure what their own position is. there's quite a lot of anarchy. the president has offered a proposal that include some provisions that are very
. at the port has its own authority granted by state law, state charter which says they have their own building department, they issue their own permit, planning department. it is a separate government organization. >> the primary mission as described by state land, number one, to provide for maritime commerce, navigation. no. 2, it is to protect natural resources. third, it provides facilities that attract people to the waterfront. that is what the state land commission is. the port does not share a budget with the city. they cannot collect any tax revenue. they do not have any taxing authority. the port lives and dies by the revenue it generates on the port property. >> how is the ferry building doing in terms of creating revenue? >> it has been phenomenally successful. we are fully leased. the active merchants are incredibly happy to be part of the vibrant community. >> this is one of the most see places in san francisco. anybody who comes here from out of town, you have to walk through the ferry building. >> there are a lot of visitors here. definitely a lot of locals, too, who feel strongl
. >> bret: thank you. still ahead, the french soak the rich tax proposal hit a speed bump. law enforcement works on setting a legal limit for driving after smoking pot. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur mommy's having a french fry. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings in every little bottle. >> bret: looking live at capitol hill. you see the dome light at the top of the call to dome. that means that congress is in session. they are trying to get legislation moving on the senate floor. technically tonight the u.s. goes over the fiscal cliff. we'll talk about that and we'll have details with the panel coming up. this, of course, is new year's eve. the last day and night of 2012. hundreds of thousands of revelers around the globe
in this country. bottom line is the president is the only one with a pen who can sign into law something and he ought to be very involved with making sure that he gets something that he will sign that will pass both a republican controlled house and a democrat controlled senate. >> senator, i mean there's been a lot of finger pointing and we've been hearing this for some time now and i think a lot of people are looking for some kind of a deal and some kind of agreement down there. there are, in fact, 535 of you down there. senator john manchin, the democrat of west virginia said something has gone wrong when the biggest threat to our american economy is the american congress. we know there's a recession many loo looming here if this doesn't get done. why isn't it getting done? >> and i agree with senator manchin. i would say to harry reid, bring a bill to the floor of the senate and let's start voting. quit trying to cut deals behind closed doors. get to the floor of the senate. let the american people see the discussion. but as your opening report said this morning on this sh
. they were signed in the law with bipartisan support. that sort of work can make a difference. more voices need to be heard in support of that effort. >> my recollection would be since then, it has been budgeting by continuing resolutions. >> we have done an awful lot. a lot of people do not realize we have demonstrated we can do this regular order. the more we move the committee back rather than having everything dominated in a speaker's office, the better off the congress will be. >> who loses and who gains when -- >> the existing agencies have their pipelines already clogged with money and we throw more money at it without any serious oversight. continuing resolutions are ignoring our responsibility and our goal is that we have got a job to do. to see how money is spent, and to control how it should be spent. it is time we get back to the responsibility. we control the purse. the sooner we do it, the better the people will be. >> the nickname for the people who stare all the subcommittees are the cardinals. the college of cardinals. give me a bit of a backstage. it is depicted in televi
trillion over ten years. here we are today, december 19, and these law changes which i referenced earlier, the end of the bush era tax cuts, the dreaded sequester, across the board cuts of $1.2 trillion in spending will begin to take effect the first of next year. the good news is the white house and republicans have been trading proposals and at least yesterday appeared to be moving closer together. i would have much preferred that they would be talking about a bigger package than they've discussed but nonetheless to reach a package that would resolve some of these issues would be an important step forward and i think help promote certainty that would be important to our economy. on the revenue side of the equation, i just want to remind you what it's taken in the past to balance the budget. we hear talk on average revenue is in the 18% of g.d.p. range n. getting back to average you will should be sufficient. the problem with that is we have never balanced the budget in the last 50 years based on 18% of g.d.p. in revenue. balancedtimes we've going back to 1969, you can see that revenue h
of whether americans and the second amendment have a right to purchase and own firearms legally for lawful purpose, i don't think we will get to an area of agreement. we can agree on some things and at least we can agree that people who exercise their rights who have no reason to be suspected of having done anything wrong shouldn't be demonized because some paper disagrees with them. i think we can agree on that and what's important is that as we have this conversation in the days following the newtown massacre, the conversation should be rational. >> in utah, 200 public school teachers necessary class today learning how to handle firearms and practicing with plastic hand guns. a special training is being offered by the top gun lobby and waived the $50 fee. that's one of the few states that allowed weapons to be carried at schools. the principal told me that since the sandy hook school massacre his school made changes. you said teachers should have the right to defend themselves and personally you would not like it. what is the compromise here? how do we fix it? >> you know, we have a depu
the across the board budget cuts that are called for under current law, but we want some cuts if we're going to agree to tax increases. that's a key republican demand. so all of those things are in play. each movement in any one part affects the others and we'll vus have to s just have to see where it comes out including capital gains and dividends which is i'm assuming would go 20%. that's down from 39.6 which is where they would go under current law if we go over the cliff. but it's up from 15 in both areas from where we are right now. >> last question, john, and i'll make this question. if we're talking about things like capital gains and seques r sequester, does that mean we have moved past the biggest elephant in the room, that being income levels at which taxes increase? >> i don't think we've moved past it because until they announce what a level is and until the other parts of the puzzle get settled, we can't know that for sure. and the other thing we can't know for sure is how many republicans will vote with the democrats both in the senate and in the house and will john boehner pu
was the limit. that really was her view. it made me think i could do anything. i did go to law school. in the early 1980's when i got out of law school, i went back to tennessee to practice. i was going around to law firms. there were not that many women in the law firms. i had guys interview me. they would sit me down and say, do you understand you have to try cases? >> [laughter] >> i said that is what i wanted to do and was excited about it. i have clients in the beginning, i would go in to meet them. afterwards, one of my partners would say that they say that was not what i expected. he did not know there was going to be a lady lawyer on this case. but i really liked trying cases. it was a lot of fun. then i was drawn into politics. throughout my career, i have been interested in how to change things for the better. i have been very fortunate to have lots of opportunities to serve. >> you mentioned your mother. your mother died of lung cancer. she was such a force in your life. >> i think it made me very strong because it was very clear i had no one to depend on but me. >> 3 the o
. and the americans were skeptical. first, there were neutrality laws but there were also very strong isolationist sentiment in america. and even george marshall, who was chief military advisor to franklin roosevelt said, how can we send all these weapons to england if they're going to surrender to the british in a matter of weeks, and we end up fighting the germans? we will be charging into the face of our own weapons. but even though the operation was secret, it became headlines of course when it happened around the world. and everyone knew about it. and roosevelt and marshall were very, very effected by this. they thought if the british government can do this, they are serious. they are not going to negotiate with the germans. they're going to stay in this for as long as they possibly can. and it opened up the pathway for armaments to go to britain, which were very much needed and very much appreciated. >> brooke stoddard, when the official date of the so-called battle for britain, battle of britain? >> when were they? i think britain calls it july to the end of september, let's say. >> of 1940
minister who says he will consider changing the law governing central banks getting more politically involved. lori: we have larry in the pits of the cme. telling us why the pessimism on the fiscal cliff is making him bullish, believe it or not. and it is time to get defensive. larry, we will begin with you. how can you see this sorting out at the end of the day, a big deal, a little deal, no deal at all, what is the outcome? larry: the odds are pointing to a mini deal. expectations for a big deal are fading and fading quickly. it looks like it will be a mini deal with the tax extension will help those making under $250,000 per year and will not address the debt ceiling or spending or anything like that, it will be a patchwork of things that will make the market very nervous but given it is christmas eve, people are little bit negative but most christmas shopping. david: larry, round this time the irs issues its formal withholding guidance for the coming year. >> it'll be a bigger document than what we are used to because it will be giving guidance they are not sure even how to give
. accord to go a new law signed by president obama however, an alert will pop up on the screen once you try to take out money. don't we all just assume you're paying a fee? >> yes, sadly. thank you very much, clayton. in just two days, a handful of taxes tied to obamacare will go into effect including the medical device. it doesn't sound like a lot, but it could stifle innovation. >> dave: could really stifle innovation. in north new jersey, they have they're a medical device, they heal up the process post surgery. a medical action may force him to layoff three people, something the company has never done. >> your company is about to be hit by a new 2.3% tax on medical devices. what does it mean for your company? >> it means more costs to us, unfortunately on gross sales and it could hurt the number of people, hurt the number of sales and increase the cost of our business this is a family-run business and you've been in business more than 40 years. how do you see this affecting your company. >> we've tried never to lose our employee, and it's like a family and we may not sustain the number
and the next election, jackson had gone around the country, building a popular majority in getting laws changed from state to state to state in which providing for universal white male suffrage, which took a vote out of the hands of property owners and give it to barbarians as john quincy adams may say. the bank if there was a deal with clay in 1824, was that ethical bystanders of those days and retrospectively by our standards? >> is certainly what is ethical in those days. he took a lot of flak for it, but the choice in his mind was to turn the country over to a barbarians who couldn't write his name, who had violated the constitution that will turn the word of 1812, con into massacre in the seminal sender and enduring whatever he felt like doing. he did not want to see this man president. >> one point in the book he described a bit of a crouch. teaching to afflict him as a person? >> yes. >> there is some time travel involved. >> all of us are brooches at times. he did not suffer fools, so you would be grouchy. i was grouchy last night when romney said we have fewer ships today than we had i
. arizona's attorney general proposing to change the state law that would allow an educator in each school to carry a gun. the "l.a. times," the city of los angeles collected more than -- this story is unbelievable. they collected more than 2,000 firearms part of a guns for groceries buyback program. 75 assault weapons were included in that and two rocket launchers were turned in for cash. >> they got steak and shrimp for the rocket launchers. what about teachers with guns in classrooms? >> i mean, it's amazing to me. i had randy wine gart ten of the american federation of teachers on my show last night. it's outrageous to me on two levels. one, you're going to put more guns into schools it to try to deal with getting guns out of the school. you don't have money for students. you don't have money for sports and arts. you don't have money for anything you need in school, but you're going to find money to buy guns, bullets and training for teachers? where did the conservatives come up with this money from? how, if you had an armed teacher, would that have solved newtown? it would have made t
in their own pockets or they become lobbyists. this secreted a law that they should not be able to become lobbyists for a few years sucker they leave congress or senate. they need to just bring america back up. if it would bring more jobs back to america, then we would have more taxes to be collected. host: more in the financial times this morning. capitol hill plays out a cliffhanger is the headline. the right the mood of the members matches the state of negotiations, l tempered, resentful and having their christmas breaks interrupted by another partisan budget impasse and in no frame of mind a compromise. we are talking about the senate negotiating a on the air. caller: thank you for taking my call. i am going to join the democrats, at least most of them, i hope. i am so disgusted and so disheartened. i feel that the republicans are being obstructionists on purpose. that is obvious. anyhow, they need to -- it is not about parties and politics anymore. it comes down to looking out for america. ok? host: why do you think they are being obstructionist? what do they have to gain by doing th
into law -- created the environmental protection agency. one of the first orders of business of the ecb the a was to ban a series of insecticides starting with ddt and including all of its cousins, many of which were more toxic than ddt. the domestic ban went into effect in 1972. began phasing them out and it is too bad carson didn't live to see that but she didn't and i like to think of her in this photograph taken by her friends the freeman family who lived next door to her in maine on the shoreline of southport island in 1955, of my favorite photographs of her. she looks very content in this picture and someone who was at home in that environment and at home in the world and at home in her role as an author, scientist and ultimately somebody who would change the way we think about things. that is a good place to stop and take any questions you have. >> anybody have any questions? >> why was the book called "silent spring"? >> why was the book called "silent spring"? that probably stems from the opening chapter in which she described a spring in which the birds are absent from the tow
the president needs to do. there is nothing he has to sign. as a matter of law the law changes in january and taxes go up. president doesn't have to do anything. he can sit back and as taxes go up on everybody including that 1% that he has been after, nothing has been done on spending. sequestration could be rolled back with retro activity where the president thinks he is better shape on spending in january. patti ann: alan? >> you forget the president offered boehner a deal to keep taxes keep the bush tax rate on 98% of the americans. keep those tax rates where they are. not raise taxes and boehner rejected that. he had opportunity -- excuse me, i'm still talking. he has opportunity now to do exactly what the republicans say they want and boehner rejects it. >> it is beyond revenue. it is about spending. that is our problem. >> you can stop going over cliff first of the year. >> what about spending that got us in bind we're in? none of the revenue that will be generated will make a dent in our spending especially the 6 trillion the president has --. patti ann: brad, democrats are arguing
. they shared with him the he was comfortable that these guys. at columbia law school, they were very good guys. it is true that obama did his best. when i interview president obama in the oval office, he talked about the supporters in new york. but he started to make that transition in his long arc of his search for home. she was starting to happen and beenu mahmood was very perceptively seen that happen. >> host: why did the presidency president in new york after graduating from columbia? >> guest: he was trying to get a job wherever he could. he applied for a job in chicago after washington was elected mayor there. he didn't get anything. so the best he could do was stay in new york. he wouldn't want to go back to honolulu. he didn't have anyplace else. so he stayed there and as he put it, you try to make money for yourself and get a job. it is sort of a magazine or consulting firm called business international. for that year, he doesn't really like it there, but that is the period when they talk a lot. it is the period when he met genevieve. >> host: so david maraniss, going back to the quo
. under the laws, those withholding rates are supposed to go up because, as you know, all thoughts tax cuts that were passed over a decade ago were supposed to expire. and the irs is basically on the sideline waiting to see what happens on the hill between them and the president to see if, in fact, there's a reason to tell the current employers, hold on, there will be a freeze on those rates. if, in fact, they have to go to the new guidance, consumers will start to feel very early the hit to their paychecks of having gone over the fiscal cliff, even if there's auto deal that retroactively drags us back over the top of the cliff. >> it's an interesting point. greg, thank you so much. such a mess. >>> it was better news at the box office lately. hollywood is on track to post an all-time box office record this year. film lovers have flocked the theaters to see christmas day performances of les miserables and "unchanged." >>> stick around. still to come on the show, the summer olympics and u.s. election made to 2012 a bumper user for advertisers. will that continue in 2013? we'll ask the c
'll see estate taxes go up, investment taxes go up. there is an endless list of expiring provisions of law that will, in fact, expire if nothing is done. and i think even if something is done at this point, what you're looking at is something very scaled back, something very small and congress will have to come back next year and take a look at trying to get to some of those other issues. >> alistair here. that sounds about right to me, assuming that that scenario is how things play out. what sort of impact medium term do you think this is going to have on consumer and corporate confidence in america, given that the fiscal cliff is clearly weighed heavily on both of those in recent months? >> the sad thing, you know, from an observer's standpoint here is that there isn't much corporate or consumer confidence in the american government. and it's proved itself dysfunctional time and again over the last couple of years. what you hear now is not how people believe that there's going to be some last-minute deal, but how they remember the times that the t.a.r.p. bill, the fiscal bailout a few ye
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